In the Matter of Trinity Capital Corporation
Admin. Proc. File No. 3-16837

    In the Matter of William C. Enloe
    Admin. Proc. File No. 3-16838

On September 28, 2015, the Commission instituted and simultaneously settled two separate cease-and-desist proceedings (the “Orders”) against Trinity Capital Corporation (“Trinity”) and William C. Enloe (“Enloe”), the President and former CEO of Trinity (collectively, the “Respondents”).  In the Orders, the Commission found that, during 2010, 2011, and the first two quarters of 2012, Enloe and other former members of Trinity’s management caused Trinity and its wholly-owned subsidiary, Los Alamos National Bank (collectively, the “Bank”), to fail to account properly for the Bank’s loan portfolio and in 2011, fail to account properly for its other real estate owned.  This conduct by Enloe and other former members of the Bank’s management was aided by the Bank’s deficient internal accounting controls, as well as the overriding of internal accounting controls by Enloe and other employees and former members of management. The Commission ordered the Respondents to pay a total of $1,750,000.00 in civil money penalties.  See the Commission’s orders:  Release Nos. 33-9930 and 33-9931.

The Respondents have paid a total of $1,750,000.00.

For more information, please contact the Commission:

Office of Distributions
Email: ENFOfficeofDistributions@sec.gov